IAS STUDY CIRCLE
(TEST EXAMINATION OF NATIONAL CURRENT AFFAIRS)
1]. Consider the following statements :
1).India has declared itself free from bird flu (H5N1).
2). Children Science Congress is held every year since 1993 with an aim to make children aware and practice scientific methods.children's science congress was held in Bhubaneshwer this year.
3).The Government has introduced Consumer Protection (Amendment) Bill, 2011, in Lok Sabha to facilitate quicker disposal of cases and to widen and amplify the scope of some of the provisions of the Act.
which of the statements is/are correct?
a). 1 only b). 2 and 3 only
c). all c). 1 and 2 only
2]. Consider the following statements :
1).Agni-IV, capable of carrying nuclear warheads, was earlier called Agni-II Prime.
2). The two-stage Agni-IV, which weighs 17 tonnes and is 20 metres long, carried an 800-kg payload of conventional explosives.
3). The new generation missile(Agni-IV) met all mission parameters and successfully covered the 4,000km range.
which of the statements is/are correct?
a). 1 only b). 2 and 3 only
c). all c). 1 and 2 only
3]. Consider the following statements :
1).The International Association of Sanskrit Studies (IASS) at its Conference held in Kyoto agreed that the 15th World Sanskrit Conference be held at Delhi jointly with the Rashtriya Sanskrit Sansthan.
2).The Rashtriya Sanskrit Sansthan is a Deemed University that functions under Ministry of Human Resource Development, Govt. of India.
which of the statements is/are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
4]. Consider the following statements :
1).The committee was headed by D. M. Dharmadhikari was related to land reforms.
2).At constant prices, the primary sector- agriculture, forestry and fishing, showed a high growth of 7% during 2010-11 as against 1% during the year 2009-10.
which of the statements is/are correct?
a). 1 only b).2 only
c). Both 1 or 2 d). Neither 1 or 2
5]. Consider the following statements :
1).A shot at history-Virat kohli
2).Last man in tower- Arvind adiga
3).sach:a genius unpluged
which of the statements is/are correct?
a). 1 only b). 2 and 3 only
c). all d). 1 and 2 only
6]. Consider the following statements :
1).The President of Mali, Amadou Toumani Toure visited India in January 2012.
2). MoU on Co-operation in the field of Geology and Mineral Resources between the Ministry of Mines of the Government of India and Ministry of Mines of the Government of the of Mali.
3).The Indian side thanked Mali for its support to India’s candidature for permanent membership in an expanded United Nations Security Council.
which of the statements is/are correct?
a). 1 only b). 2 and 3 only
c). all d). 1 and 2 only
7]. Consider the following statements :
1).The theme of Pravasi Bharatiya Divas-2012 was “Global Indian-Inclusive Growth”.
2). Womens’ Science Congress-2012 was held in Klokata.
3).Tamil Nadu and Puducherry were affected by cyclone Thane.
which of the statements is/are correct?
a). 1 only b). 2 and 3 only
c). all d). 1 and 2 only
8]. Consider the following statements :
1).Tropical cyclone THANE name was given by Myanmar
2).It is related to thane district of MAHARASTRA.
3).Cuddalore district was affected by THANE storm.
which of the statements is/are correct?
a). 1 only b). 2 and 3 only
c). all d). 1 and 2 only
9]. Consider the following statements :
1).GOA completed 50 years of its independent on 19th december 2011.
2). Operation VIJAY KUT was related to independence of GOA.
3).GOA became complete state in 1987.
which of the statements is/are correct?
a). 1 only b). 2 and 3 only
c). all d). 1 and 2 only
10]. Consider the following statements :
1).Indian National anthem was first sung on 27 December 1911 at the Calcutta session of the Indian National Congress.
2).Its Hindi version by the Constituent Assembly as the National Anthem of India on 24 January 1950.
3).It was first sung by KADAMBINI GANGULY.
which of the statements is/are correct?
a). 1 only b). 2 and 3 only
c). all d). 1 and 2 only
11]. Consider the following statements :
1).The United People’s Democratic Solidarity (UPDS) was formed in March 1999 with the merger of two terrorist outfits in Assam's Karbi Anglong district, the Karbi National Volunteers (KNV) and Karbi People’s Front (KPF).
2).The Cosmic Background Explorer(COBE)was launched by ISRO in 1989.
3).This work provided evidence that supported the Big Bang theory of the universe.
which of the statements is/are correct?
a). 1 only b). 2 and 3 only
c). all d). 1 and 2 only
12]. Consider the following statements :
1).R. C. Jha, Chairman, Central Water Commission is an officer in the rank of Secretary to the Government of India.
2). Farakka barrage, an Indo-Bangla agreement and according to it Bangladesh will get 33 per cent water and rest will be for India.
3).Farakka Barrage of West Bengal is quite famous among the tourists for having an interesting past.
which of the statements is/are correct?
a). 1 only b). 2 and 3 only
c). all d). 1 and 2 only
13]. Consider the following statements :
1).Total Sanitation Campaign programm started from 2005.
2).UIDAI has decided to do a complete review on the procedure and processes of collecting biometric data of 60 crore resident Indians and address all security concerns.
which of the statements is/are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
14]. Consider the following statements :
1).Aadhaar is a 12 digit individual identification number issued by the Unique Identification Authority of India.
2).Aadhaar is Mandatory for Indians.
which of the statements is/are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
15]. Consider the following statements :
1).President of Associated Chambers of Commerce and Industry of India is Rajkumar Dhoot.
2).The rural development ministry and the Planning Commission have formulated a new policy under Bharat Rural Livelihoods Foundation (BRLF)for Naxal-affected areas.
which of the statements is/are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
16]. Consider the following statements :
1).The initial focus of BRLF would be 900 blocks across 170 districts of Odisha, Jharkhand, West Bengal, Chhattisgarh, Madhya Pradesh, Andhra Pradesh, Maharashtra, Rajasthan and Gujarat.
2).The Integrated Action Plan (IAP) for Selected hilly regions Districts under the Backward Regions Grant Fund (BRGF) programme will cover 78 districts.
which of the statements is/are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
17]. Consider the following statements :
1).Rashtriya Krishi Vikas Yojana' (RKVY) - the central assistance scheme launched during 2007-08 to motivate states to take more steps to improve agriculture.
2).The National Food Security Mission will have 3 components (i)Rice (ii) Wheat &(iii) Pulses.
which of the statements is/are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
18]. Consider the following statements :
1).National Horticulture Mission is a centrally sponsored scheme launched by Government of India during the year 2005-06.
2).The assistance from Government of India will be 70% with 30% contribution by the State Government in NHM.
which of the statements is/are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
19]All the States and Union Territories are covered under the Mission except the eight North Eastern States including Sikkim and the States of....
a]Jammu & Kashmir, Himachal Pradesh and Uttarakhand
b]Jammu & Kashmir and Himachal Pradesh
c]Jammu & Kashmir, Himachal Pradesh and Goa
d]only Jammu & Kashmir
20]. Consider the following statements :
1).The disputed kishanganga project located in jammu and kashmir.the total capacity of this project is more than 500 MW.
2).Kishan ganga is known as Neelam in pakistan.
which of the statements is/are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
21] which is not correct?
a)Delhi is the most populous union territory of India.
b)Dman and Diu is the least populous UT in India.
c)Maharastra is the second most populous state of India.
d)Mizoram is the second least state of India.
22]The Bringing Green Revolution in Eastern India programme launched in 2010-11.The BGREI is a subscheme of the....
a)MNREGA b)National Horticulture Mission c)Rashtriya Krishi Vikas Yojna d)none
23]. Consider the following statements :
1).The Dedicated Freight Corridor project will connect a land mass over 3300 kilometers in the country and could prove to be a backbone of India’s economic transport facility.
2).The Western corridor from Dadri in Uttar Pradesh to Jawaharlal Nehru Port Trust near Mumbai will be 1499 kilometers and will connect Haryana, Rajasthan, Gujarat and Maharashtra with an exclusive high speed railway track. The Eastern Dedicated Freight Corridor from Ludhiana to Dankuni will be 1839 kilometer long and will connect Punjab, Uttar Pradesh, Bihar and West Bengal.
which of the statements is/are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
24]. Consider the following statements :
1).Prime Minister Dr. Manmohan Singh chaired the third meeting of the Global Advisory Council of Overseas Indians on 8 January 2012 at New Delhi.
2).The Economic Advisory Council to the Prime Minister was constituted in Dec 2004 with the Chairman of Cabinet rank. Dr. C. Rangarajan is the current Chairman.
which of the statements is/are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
25]. Consider the following statements :
1).The ministry of new and renewable energy has given in-principle approval to develop 28 cities as solar cities.
2).The criteria for selecting the solar cities is that they should have a population of between 50,000 and 50 lakh.
which of the statements is/are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
26]The Golden Peacock Award for the Best Film was given to which of the following films at the 42nd International Film Festival of India which came to an end at the Kala Academy in Panaji, Goa on 3 December 2011?
a) Russian film Elena
b) an Israeli film Restoration
c) Columbian Film Porfirio
d) Malayalam film Adaminte Makan Abu
27] World Aids Day is observed anually on 1 December 2011. What was the theme of World AIDS Day 2011?
a) Getting to Zero
b) Stigma and Discrimination
c) Women & AIDS
d) Force For Change: World AIDS Campaign With Young People
28]. Consider the following statements :
1).Started on 1st December 1988, World AIDS Day is about raising money, increasing awareness, fighting prejudice and improving education.
2).Around 2.4 million people are currently living with HIV in India.
which of the statements is/are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
29] Which bank signed a memorandum of understanding with Life Insurance Corporation of India (LIC) to use the National Electronic Funds Transfer (NEFT) facility to facilitate electronic funds transfer of policy payments to policyholders?
a) IDBI
b) Corp Bank
c) Indian Overseas Bank
d) Dhanlaxmi Bank
30] With the inauguration of the first state-of-the-art ATDC-SMART (Skill for Manufacturing Apparels through Research and Training) in Egmore, Chennai, the Ministry of Textiles launched which of the following schemes?
a) National Technology Mission for Technical Textiles
b) Integrated Skill Development Scheme
c) Technology Upgradation Fund Scheme (TUFS) For Textile
d) Rural Textiles Technology Development Skill
31] Name the woman squash player who on 10 December 2011 annexed the elusive women’s title while in the Senior National Squash Championship in Chennai.
a) Sarah Fitz-Gerald
b) Dipika Pallikal
c) Anaka Alankamony
d) Sushma Pillai
32]According to data from research body All India Organisation of Chemists and Druggists (AIOCD), Indian drugmakers posted a certain per cent month-on-month growth in sales of November 2011 which was the highest in the past 14 months. What was the per cent of sales growth projected for the month?
a) 23%
b) 31%
c) 21%
d) 43%
33]A parliamentary committee on 13 December 2011 rejected the proposal to allow what percentage foreign direct investment in the insurance sector?
a) 51%
b) 49%
c) 43%
d) 29%
34] The Sangita Kalanidhi M.S. Subbulakshmi Award was presented to whom at the inauguration of the 85th annual conference of the Music Academy in Chennai on 15 December 2011?
a) S.R. Nathan
b) Trichy Sankaran
c) Subramania Pillai
d) Subramaniyam Iyer
35]Scientists developed a hydrogel that regenerate healthy and scar-free tissue on skin damaged by severe burns. Consider the following statements:
i) The hydrogel helps in formatting of new blood vessels and skin including hair follicles.
ii) The injured soldiers, fire victims and people with third degree burns can avail of the gel.
Choose the right option:
a) Both i and ii are correct.
b) Only i is correct.
c) Only ii is correct.
d) Neither i nor ii is correct.
36]India and Australia on 16 December 2011 signed an agreement to amend DTAA (Double Taxation Avoidance Agreement).DTAA was signed between India and Australia in....
a) 1990
b) 1991
c) 1992
d) 1995
37]Which Controversial film based on the 116-year-old Mullaperiyar dam and directed by Sohan Roy made it to a shortlist for the Oscars under the Best Picture category?
a) Rio and The Muppets
b) Undefeated
c) Project Nim
d) Dam 999
38]The Manipur Legislative Assembly passed the Manipur Lokayukta Bill, 2011. Manipur will be the __state in North-Eastern India to have alegislation of Lokayukta.
a) Second
b) Third
c) First
d) Fourth
39]Popularly known as Adam Gondvi, this Hindi poet who wrote revolutionary poetry focusing on the pathetic state of dalits and the poor breathed his last in Lucknow in 2011. Name the poet.
a) Bharat Bhusan
b) Ram Nath Singh
c) Uday Prakash
d) Shail Chaturvedi
e) Naresh Mehta
40] Scientists at the Salk Institute for Biological Studies report discovered a missing link between the body’s biological clock and sugar metabolism system. Consider the following statements
i) Sugar Metabolism is a process by which the body uses sugar for energy.
ii) If the human body produces too little insulin, the amount of sugar in the blood increases abnormally, a condition known as hyperglycemia. Choose the right option:
a) Both i and ii are correct.
b) Neither i nor ii is correct.
c) Only i is correct.
d) Only ii is correct.
41]NASA’s Kepler mission discovered the first Earth-size planets orbiting a sun-like star outside our solar system. These planets are called.
a) Kepler-20e; Kepler-20f
b) Kepler-20a; Kepler-20b
c) Kepler-20c; Kepler-20d
d) Kepler-20m; Kepler-20n
42] Very often we read about Special economic Zones (SEZs) in newspapers. What is the purpose of promoting SEZs in India?
(A) They are established to promote exports.
(B) They are established to attract investments from foreign countries.
(C) They are established to help the poorest of the poor in India as the activities of these zones are reserved only forthe poors and those living below poverty line.
a) Only A
b) Only B
c) Only C
d) A & B only
43]Jnanpith Award is given for excellence in the field of
a) Music
b) Literature
c) Sports
d) Films
44] Which of the following agencies/organisations is setting up India’s first Natural Resource Data Centre in Kolkata?
a) RBI
b) SEBI
c) NABARD
d) BARC
45] The Global Non-Violence Day was observed on which of the following days?
a) 15th August
b) 14th November
c) 19th September
d) 2nd October
46]. Consider the following statements :
1).Padgaonkar committee report is related to problems of north east region.
2).Delhi is on first position in the report of IHDR 2011.
which of the statements is/are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
47]. Consider the following statements :
1).Shri Krishna committee is related to Telangana
2).Global hungr index-2011,India's position is 76th.
which of the statements is/are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
48]The World Bank has given a US $ 1 billion loan to clean which of the following rivers in India?
(A) Narmada
(B) Krishna
(C) Ganga
(D) Jhelum
49] India recently decided to provide US $ 500 million to which of the following nations in its neighbourhood to help it in its redevelopment projects as the country is trying to come up after a long civil war and control of UN peace keeping forces ?
(A) Bangladesh
(B) Pakistan
(C) Afghanistan
(D) Nepal
50] ‘Dhanush’ is an indigenously developed by India—
(A) Missile
(B) Sub-marine
(C) Patton tank
(D) Fighter plane
Sunday, February 26, 2012
Saturday, February 18, 2012
IAS STUDY CIRCLE --TEST EXAMINATION (INDIAN ECONOMY)
1]. Consider the following statements :
1). The Gopinath committee recommended that interest rates for Post Office savings deposits be raised to 4 per cent from 3.5 per cent at present.
2). It went on to suggest that Kisan Vikas Patra (KVP) be withdrawn.
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
2]. Consider the following statements :
1). The Indian economy grew 8.5%, in 2010-11, higher than the previous estimate of 8.4%, on the back of strong farm sector and services sector growth.
2). C R Sundaramurti Committee submitted its report. The report suggested a complete overhaul of government accounting norms in order to enforce transparency and better monitor public spending
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
3]. Consider the following statements :
1). India ranks a low 134 among 187 countries in terms of the human development index (HDI),2011.
2). India's ranking in 2010(HDI) was 134 out of 169 countries.
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
4]. The Agriculture Ministry on 20 October 2011 proposed a hike of Rs 115 per quintal in the minimum support price (MSP) of wheat to what sum per quintal to cover rising farm input cost and encourage farmers to increase acreage?
(a) Rs 1251 per quintal
(b) Rs 1293 per quintal
(c) Rs 1285 per quintal
(d) Rs 1233 per quintal
5]. Which one of the following became the first state in India to offer Air taxi services?
(a) Bihar
(b) Madhya Pradesh
(c) Kerala
(d) Haryana
6]. Consider the following statements :
1). As of 2010, it is estimated that 2.39 million people currently live with HIV in India.
2). UNDP works closely with the National AIDS Control Programme of India to aid the expansion of the programme of People Living with HIV (PLHIV).
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
7]. Consider the following statements :
1). The GATT was the only multilateral instrument governing international trade from 1947 until the WTO was established in 1995.
2). The WTO is currently the host to new negotiations, under the ‘Doha Development Agenda’ launched in 2001.
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
8]. The eleventh plan has the following objectives:which of the statements is/are correct?
1). encrease agricultural GDP growth rate to 4% per year to ensure a broader spread of benefits
2). Create 70 million new work opportunities.
3)Reduce infant mortality rate to 28 and maternal mortality ratio to 10 per 1000 live births.
a). 1 only b). 2 and 3 only
c). all c). 1 and 2 only
9]. The eleventh plan has the following objectives:which of the statements is/are correct?
1). Reduce Total Fertility Rate to 2.1
2). Reduce anaemia among women and girls by 50% by the end of the plan.
3)Raise the sex ratio for age group 0-6 to 935 by 2011-12 and to 950 by 2016-17.
a). 1 only b). 2 and 3 only
c). all c). 1 and 2 only
10]. Consider the following statements :
1).In First Five-Year Plan, The target growth rate was 2.1% annual gross domestic product (GDP) growth; the achieved growth rate was 3.6%.
2).Many irrigation projects were initiated during first five year plan, including the Bhakra Dam and Hirakud Dam.
3)Steel mills at Bhilai, Durgapur, and Rourkela were established during first five year plan.
which of the statements is/are correct?
a). 1 only b). 2 and 3 only
c). all c). 1 and 2 only
11]. Consider the following statements :
1). CAPART was formed by amalgamating two agencies the 'Council for Advancementof Rural Technology' (CART) and People's Action for Development India (PADI).
2). CAPART is an autonomous body registered under the Societies Registration Act 1860,and is functioning under the aegis of the Ministry of Rural Development, Government of India.
which of the statements is/are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
11]. Consider the following statements :
1). A Self- Help Group (SHG) may generally consist of 40-50 persons.
2). Under the SGSY, assistance is given to the poor families living below the poverty line in rural areas for taking up self employment.
which of the statements is/are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
11]. Consider the following statements :
1). National Highways Development Project (NHDP) is the largest highway project ever taken in the country. The NHDP is being implemented by National Highways Authority of India. (NHAI)
2). The Border Road Organisation also developed the road infrastructure in Bihar, Maharashtra, Karnataka, Rajasthan, Andhra Pradesh, Andaman and Nicobar Islands, Uttarkhand and Chattisgarh.
which of the statements is/are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
12]. Consider the following statements :
1).The Finance Commission of India came into existence in 1951. It was established under Article 280 of the Indian Constitution by the President of India.
2).Its function: Distribution of net proceeds of taxes between Centre and the States, to be divided as per their respective contributions to the taxes.
3)The Government must cut its fiscal deficit to 5% of the GDP by the end of fiscal year 2013-14 and eliminate its revenue deficit in 2014-15, according to the key recommendations of the 13th Finance Commission.
which of the statements is/are correct?
a). 1 only b). 2 and 3 only
c). all c). 1 and 2 only
13]. Consider the following statements :
1). Air India has the second largest share in India's domestic air travel market, behind Jet Airways.
2). Air India Express is a low-cost airline subsidiary of Air India, operating mainly from Indian state of Kerala.
which of the statements is/are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
14]. Consider the following statements :
1). The Agricultural and Processed Food products Export Development Authority (APEDA) is an export promotion organization under Ministry of Agriculture.
2). FDIs do not only provide an foreign capital and funds, but also provides domestic countries with an exchange of skill sets, information and expertise, job opportunities and improved productivity levels.
which of the statements is/are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
15] Gilt-edged market means
A. bullion market
B. market of government securities
C. market of guns
D. market of pure metals
16] In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
A. Chemicals other than fertilizers
B. Services sector
C. Food processing
D. Telecommunication
17] Devaluation of a currency means:
A. reduction in the value of a currency vis-a-vis major internationally traded currencies.
B. permitting the currency to seek its worth in the international market.
C.fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies.
D.fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners.
18] Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves
1)interest payments
2)subsidies
3)defence
4)irrigation
A. 1,2
B. 1
C. 1,2,3
D. 2,3,4
19] On July 12, 1982, the ARDC was merged into
A. RBI
B. NABARD
C. EXIM Bank
D. None of the above
20] If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to
A. increase it
B. decrease it
C. no impact
D. None of the above
1). The Gopinath committee recommended that interest rates for Post Office savings deposits be raised to 4 per cent from 3.5 per cent at present.
2). It went on to suggest that Kisan Vikas Patra (KVP) be withdrawn.
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
2]. Consider the following statements :
1). The Indian economy grew 8.5%, in 2010-11, higher than the previous estimate of 8.4%, on the back of strong farm sector and services sector growth.
2). C R Sundaramurti Committee submitted its report. The report suggested a complete overhaul of government accounting norms in order to enforce transparency and better monitor public spending
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
3]. Consider the following statements :
1). India ranks a low 134 among 187 countries in terms of the human development index (HDI),2011.
2). India's ranking in 2010(HDI) was 134 out of 169 countries.
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
4]. The Agriculture Ministry on 20 October 2011 proposed a hike of Rs 115 per quintal in the minimum support price (MSP) of wheat to what sum per quintal to cover rising farm input cost and encourage farmers to increase acreage?
(a) Rs 1251 per quintal
(b) Rs 1293 per quintal
(c) Rs 1285 per quintal
(d) Rs 1233 per quintal
5]. Which one of the following became the first state in India to offer Air taxi services?
(a) Bihar
(b) Madhya Pradesh
(c) Kerala
(d) Haryana
6]. Consider the following statements :
1). As of 2010, it is estimated that 2.39 million people currently live with HIV in India.
2). UNDP works closely with the National AIDS Control Programme of India to aid the expansion of the programme of People Living with HIV (PLHIV).
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
7]. Consider the following statements :
1). The GATT was the only multilateral instrument governing international trade from 1947 until the WTO was established in 1995.
2). The WTO is currently the host to new negotiations, under the ‘Doha Development Agenda’ launched in 2001.
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
8]. The eleventh plan has the following objectives:which of the statements is/are correct?
1). encrease agricultural GDP growth rate to 4% per year to ensure a broader spread of benefits
2). Create 70 million new work opportunities.
3)Reduce infant mortality rate to 28 and maternal mortality ratio to 10 per 1000 live births.
a). 1 only b). 2 and 3 only
c). all c). 1 and 2 only
9]. The eleventh plan has the following objectives:which of the statements is/are correct?
1). Reduce Total Fertility Rate to 2.1
2). Reduce anaemia among women and girls by 50% by the end of the plan.
3)Raise the sex ratio for age group 0-6 to 935 by 2011-12 and to 950 by 2016-17.
a). 1 only b). 2 and 3 only
c). all c). 1 and 2 only
10]. Consider the following statements :
1).In First Five-Year Plan, The target growth rate was 2.1% annual gross domestic product (GDP) growth; the achieved growth rate was 3.6%.
2).Many irrigation projects were initiated during first five year plan, including the Bhakra Dam and Hirakud Dam.
3)Steel mills at Bhilai, Durgapur, and Rourkela were established during first five year plan.
which of the statements is/are correct?
a). 1 only b). 2 and 3 only
c). all c). 1 and 2 only
11]. Consider the following statements :
1). CAPART was formed by amalgamating two agencies the 'Council for Advancementof Rural Technology' (CART) and People's Action for Development India (PADI).
2). CAPART is an autonomous body registered under the Societies Registration Act 1860,and is functioning under the aegis of the Ministry of Rural Development, Government of India.
which of the statements is/are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
11]. Consider the following statements :
1). A Self- Help Group (SHG) may generally consist of 40-50 persons.
2). Under the SGSY, assistance is given to the poor families living below the poverty line in rural areas for taking up self employment.
which of the statements is/are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
11]. Consider the following statements :
1). National Highways Development Project (NHDP) is the largest highway project ever taken in the country. The NHDP is being implemented by National Highways Authority of India. (NHAI)
2). The Border Road Organisation also developed the road infrastructure in Bihar, Maharashtra, Karnataka, Rajasthan, Andhra Pradesh, Andaman and Nicobar Islands, Uttarkhand and Chattisgarh.
which of the statements is/are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
12]. Consider the following statements :
1).The Finance Commission of India came into existence in 1951. It was established under Article 280 of the Indian Constitution by the President of India.
2).Its function: Distribution of net proceeds of taxes between Centre and the States, to be divided as per their respective contributions to the taxes.
3)The Government must cut its fiscal deficit to 5% of the GDP by the end of fiscal year 2013-14 and eliminate its revenue deficit in 2014-15, according to the key recommendations of the 13th Finance Commission.
which of the statements is/are correct?
a). 1 only b). 2 and 3 only
c). all c). 1 and 2 only
13]. Consider the following statements :
1). Air India has the second largest share in India's domestic air travel market, behind Jet Airways.
2). Air India Express is a low-cost airline subsidiary of Air India, operating mainly from Indian state of Kerala.
which of the statements is/are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
14]. Consider the following statements :
1). The Agricultural and Processed Food products Export Development Authority (APEDA) is an export promotion organization under Ministry of Agriculture.
2). FDIs do not only provide an foreign capital and funds, but also provides domestic countries with an exchange of skill sets, information and expertise, job opportunities and improved productivity levels.
which of the statements is/are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
15] Gilt-edged market means
A. bullion market
B. market of government securities
C. market of guns
D. market of pure metals
16] In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
A. Chemicals other than fertilizers
B. Services sector
C. Food processing
D. Telecommunication
17] Devaluation of a currency means:
A. reduction in the value of a currency vis-a-vis major internationally traded currencies.
B. permitting the currency to seek its worth in the international market.
C.fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies.
D.fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners.
18] Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves
1)interest payments
2)subsidies
3)defence
4)irrigation
A. 1,2
B. 1
C. 1,2,3
D. 2,3,4
19] On July 12, 1982, the ARDC was merged into
A. RBI
B. NABARD
C. EXIM Bank
D. None of the above
20] If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to
A. increase it
B. decrease it
C. no impact
D. None of the above
Friday, February 17, 2012
IAS STUDY CIRCLE --TEST EXAMINATION (INDIAN ECONOMY)
1] Consider the following statements :
(1)The Indian government on revised the country's economic growth rate for 2010-11 financial year slightly down to 8.4 per cent from the earlier estimate of 8.5 per cent.
(2)The major source of growth in the GDP has been from the services sector which has grown at the rate of 9.3 per cent.
(3)The agriculture sector growth has also been impressive at 7 per cent during the year 2010-11.
(4)The growth of secondary sector, which includes manufacturing and construction sector, stood at 7.2 per cent in 2010-11.
2]. Consider the following statements :
a) The repo rate is the rate which other banks borrow from reserve Bank of India.
b). Manufacturing grew by 7.6 per cent in 2010-11 compared to a growth of 9.7 per cent in 2009-10.
Which of the following statements given above is / are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
3]. Basel II relates to which one of the following?
a). International standard for safety in civil aviation
b). Measure against cyber crimes
c). Measure against drug abuse by sport person
d). International Standards for measuring the adequacy of Bank’s capital.
4].As per the economic Survey of India 2010-11, the production of food grains is estimated at over 232 million tonnes with record production of which food crop?
a. Rice
b. Wheat
c. Bajra
d. Maize
5]. Which of the following was not proposed in the Union Budget 2011-12 presented by pranab Mukherjee?
a. Special vehicles were proposed to be created in the form of Infrastructure Debt Funds to attract foreign funds.
b. Rs. 300 crore expenditure was proposed to promote horticulture centres in rain fed areas for increasing crop productivity.
c. For the manufacturing sector, the budget proposed reduction of basic customs duty on raw silk from 30 to 5 per cent.
d. Concessional 10 per cent Excise Duty was also proposed for fuel cell or Hydrogen cell-technology-based vehicles.
6]. Rashtriya Swasthya Bima Yojana was proposed to be being extended to the beneficiaries of which of the following Union Government schemes?
a. Mahatma Gandhi NREGA beneficiaries
b. Beneficiaries of Swavlamban pension scheme
c. Indira Gandhi National old Age Pension scheme beneficiaries
d.Beneficiaries of Rajiv Gandhi Grameen Vidyutikaran Yojana
7].The electrical energy requirement of railways is growing rapidly with the expansion of the rail infrastructure and traffic. Considering the rising demand the Ministry of Railways proposed to set up 700 MW power plant at Thakurli in Maharashtra. The power plant is proposed to be based on what form of energy?
a. gas-based
b. coal-based
c. solar power
d. nuclear energy based
8]. To enhance credit worthiness of economically weaker sections and LIG households, a Mortgage Risk Guarantee Fund was announced to be created under which of the following scheme or Yojana?
a. Rajiv Awas Yojana
b. Rajiv Gandhi Grameen Vidyutikaran Yojana
c. Indira Awas Yojana
d. Mahatama Gandhi NREGA
9]. India has-
(a) Socialistic Economy (b) Gandhian Economy
(c) Mixed Economy (d) Free Economy
10]. Who wrote the book "Planned Economy for India" ?
(a) M. Visvesvarayya (b) Sardar Patel
(c) Jawaharlal Nehru (d) Mahatma Gandhi
11]. Which of the following is not a direct tax ?
(a) Wealth tax (b) Sales tax
(c) Income tax (d) Estate duty
12]. Companies pay corporation tax on their-
(a) investment (b) production
(c) sales proceeds (d) incomes
13]. When was the decimal system of currency introduced in India ?
(a) 1948 (b) 1950
(c) 1954 (d) 1957
14].Who among the following is the chairman of the Planning Commission ?
(a) President (b) Speaker of Lok Sabha
(c) Prime Minister (d) Union Minister of Planning
15]. In which year was the Rolling Plan introduced ?
(a) 1951-52 (b) 1976-77
(c) 1978-79 (d) 1984-85
16]. Narasimhan report relates to the restructuring of-
(a) Sick industries (b) Sales
(c) Income Tax (d) Banks '
17]. Consider the following statements :
a).Navratna was the title given originally to nine Public Sector Enterprises (PSEs) identified by the Government of India in 1997 as "public sector companies that have comparative advantages", giving them greater autonomy to compete in the global market so as to "support [them] in their drive to become global giants".
b). The number of PSEs having Navratna status has been raised to 18,the most recent addition being Oil India Limited.
Which of the following statements given above is / are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
18]. Consider the following statements :
a) In 2009, the government established the Maharatna status, which raises a company's investment ceiling from Rs. 1,000 crore to Rs. 5,000 crore.
b)The Maharatna firms can now decide on investments of up to 15 per cent of their net worth in a project; the Navaratna companies could invest up to Rs 1,000 crore without explicit government approval.
Which of the following statements given above is / are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
19]. Consider the following statements :
a) India's service industry accounts for 57.2% of the country's GDP while the industrial and agricultural sectors contribute 28.6% and 14.6% respectively.
b)Agriculture is the predominant occupation in Rural India, accounting for about 62% of employment.
Which of the following statements given above is / are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
20]. Consider the following statements :
a) The International Monetary Fund is an international organization that was conceived on July 22, 1944 originally with 45 members and came into existence on December 27, 1945 when 29 countries signed the agreement.
b)The United Nations Conference on Trade and Development was established in 1964 as a permanent intergovernmental body. It is the principal organ of the United Nations General Assembly dealing with trade, investment, and development issues.
Which of the following statements given above is / are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
(1)The Indian government on revised the country's economic growth rate for 2010-11 financial year slightly down to 8.4 per cent from the earlier estimate of 8.5 per cent.
(2)The major source of growth in the GDP has been from the services sector which has grown at the rate of 9.3 per cent.
(3)The agriculture sector growth has also been impressive at 7 per cent during the year 2010-11.
(4)The growth of secondary sector, which includes manufacturing and construction sector, stood at 7.2 per cent in 2010-11.
2]. Consider the following statements :
a) The repo rate is the rate which other banks borrow from reserve Bank of India.
b). Manufacturing grew by 7.6 per cent in 2010-11 compared to a growth of 9.7 per cent in 2009-10.
Which of the following statements given above is / are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
3]. Basel II relates to which one of the following?
a). International standard for safety in civil aviation
b). Measure against cyber crimes
c). Measure against drug abuse by sport person
d). International Standards for measuring the adequacy of Bank’s capital.
4].As per the economic Survey of India 2010-11, the production of food grains is estimated at over 232 million tonnes with record production of which food crop?
a. Rice
b. Wheat
c. Bajra
d. Maize
5]. Which of the following was not proposed in the Union Budget 2011-12 presented by pranab Mukherjee?
a. Special vehicles were proposed to be created in the form of Infrastructure Debt Funds to attract foreign funds.
b. Rs. 300 crore expenditure was proposed to promote horticulture centres in rain fed areas for increasing crop productivity.
c. For the manufacturing sector, the budget proposed reduction of basic customs duty on raw silk from 30 to 5 per cent.
d. Concessional 10 per cent Excise Duty was also proposed for fuel cell or Hydrogen cell-technology-based vehicles.
6]. Rashtriya Swasthya Bima Yojana was proposed to be being extended to the beneficiaries of which of the following Union Government schemes?
a. Mahatma Gandhi NREGA beneficiaries
b. Beneficiaries of Swavlamban pension scheme
c. Indira Gandhi National old Age Pension scheme beneficiaries
d.Beneficiaries of Rajiv Gandhi Grameen Vidyutikaran Yojana
7].The electrical energy requirement of railways is growing rapidly with the expansion of the rail infrastructure and traffic. Considering the rising demand the Ministry of Railways proposed to set up 700 MW power plant at Thakurli in Maharashtra. The power plant is proposed to be based on what form of energy?
a. gas-based
b. coal-based
c. solar power
d. nuclear energy based
8]. To enhance credit worthiness of economically weaker sections and LIG households, a Mortgage Risk Guarantee Fund was announced to be created under which of the following scheme or Yojana?
a. Rajiv Awas Yojana
b. Rajiv Gandhi Grameen Vidyutikaran Yojana
c. Indira Awas Yojana
d. Mahatama Gandhi NREGA
9]. India has-
(a) Socialistic Economy (b) Gandhian Economy
(c) Mixed Economy (d) Free Economy
10]. Who wrote the book "Planned Economy for India" ?
(a) M. Visvesvarayya (b) Sardar Patel
(c) Jawaharlal Nehru (d) Mahatma Gandhi
11]. Which of the following is not a direct tax ?
(a) Wealth tax (b) Sales tax
(c) Income tax (d) Estate duty
12]. Companies pay corporation tax on their-
(a) investment (b) production
(c) sales proceeds (d) incomes
13]. When was the decimal system of currency introduced in India ?
(a) 1948 (b) 1950
(c) 1954 (d) 1957
14].Who among the following is the chairman of the Planning Commission ?
(a) President (b) Speaker of Lok Sabha
(c) Prime Minister (d) Union Minister of Planning
15]. In which year was the Rolling Plan introduced ?
(a) 1951-52 (b) 1976-77
(c) 1978-79 (d) 1984-85
16]. Narasimhan report relates to the restructuring of-
(a) Sick industries (b) Sales
(c) Income Tax (d) Banks '
17]. Consider the following statements :
a).Navratna was the title given originally to nine Public Sector Enterprises (PSEs) identified by the Government of India in 1997 as "public sector companies that have comparative advantages", giving them greater autonomy to compete in the global market so as to "support [them] in their drive to become global giants".
b). The number of PSEs having Navratna status has been raised to 18,the most recent addition being Oil India Limited.
Which of the following statements given above is / are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
18]. Consider the following statements :
a) In 2009, the government established the Maharatna status, which raises a company's investment ceiling from Rs. 1,000 crore to Rs. 5,000 crore.
b)The Maharatna firms can now decide on investments of up to 15 per cent of their net worth in a project; the Navaratna companies could invest up to Rs 1,000 crore without explicit government approval.
Which of the following statements given above is / are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
19]. Consider the following statements :
a) India's service industry accounts for 57.2% of the country's GDP while the industrial and agricultural sectors contribute 28.6% and 14.6% respectively.
b)Agriculture is the predominant occupation in Rural India, accounting for about 62% of employment.
Which of the following statements given above is / are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
20]. Consider the following statements :
a) The International Monetary Fund is an international organization that was conceived on July 22, 1944 originally with 45 members and came into existence on December 27, 1945 when 29 countries signed the agreement.
b)The United Nations Conference on Trade and Development was established in 1964 as a permanent intergovernmental body. It is the principal organ of the United Nations General Assembly dealing with trade, investment, and development issues.
Which of the following statements given above is / are correct?
a). 1 only b). 2 only
c). Both 1 or 2 c). Neither 1 or 2
North Eastern Region Livelihood Project (NERLP)
Ministry of Development of North Eastern Region had, in consultation with the Department of Economic Affairs, initiated discussions with the World Bank on the feasibility of a North Eastern Region Livelihood Project (NERLP). The project proposal is based on the IFAD assisted NER Community Resource Management Project (NERCRMP) which has been successfully implemented since 1998 in two districts each of Meghalaya, Assam and Manipur.
A Preliminary Project Report for NERLP was prepared by this Ministry in consultation with the Planning Commission and referred to the World Bank through DEA. The World Bank has since agreed to develop and assist in implementation of the proposed project. The World Bank fielded a Mission to Guwahati and Shillong from 12-15 December, 2006 to carry out a preliminary assessment and develop the project. An Identification Mission of the World Bank visited Assam, Manipur, Mizoram and Nagaland from 26 February to 3 March, 2007 and 12 to 15 March, 2007 and Health consultations with State Government officials and other stake holders. Report of the Mission has been received and discussed with the World Bank team on 16 April, 2007. The report is being revised based on the discussions.
M/DoNER has sent the Preliminary Project Report to all the 8 NE States on 18 December 2006 and requested for comments. The Preliminary Project Report is also hosted on this website.
A Preliminary Project Report for NERLP was prepared by this Ministry in consultation with the Planning Commission and referred to the World Bank through DEA. The World Bank has since agreed to develop and assist in implementation of the proposed project. The World Bank fielded a Mission to Guwahati and Shillong from 12-15 December, 2006 to carry out a preliminary assessment and develop the project. An Identification Mission of the World Bank visited Assam, Manipur, Mizoram and Nagaland from 26 February to 3 March, 2007 and 12 to 15 March, 2007 and Health consultations with State Government officials and other stake holders. Report of the Mission has been received and discussed with the World Bank team on 16 April, 2007. The report is being revised based on the discussions.
M/DoNER has sent the Preliminary Project Report to all the 8 NE States on 18 December 2006 and requested for comments. The Preliminary Project Report is also hosted on this website.
The euro zone is filled with worries after news of brighter economics from countries like U.S, China and Germany surfaced. The euro zone fears increased risk appetite, raising global shares and the single currency. The stock index in the U.S rose marginally allowing the investors to look for corporate profits following the Citigroup posted an 11 percent fall in the profit.
Brighter economic news worries euro zone.....
The euro zone is filled with worries after news of brighter economics from countries like U.S, China and Germany surfaced. The euro zone fears increased risk appetite, raising global shares and the single currency. The stock index in the U.S rose marginally allowing the investors to look for corporate profits following the Citigroup posted an 11 percent fall in the profit.
A manufacturing gauge in New York showed a huge growth in January thereby rising to the highest level in the last nine months. This all happened as the unit saw new orders and employment which improved the overall result.
The previous ratings from China, the world’s second largest economy showed a huge slowdown. But it still kept the hopes alive by easing measures of the government.
Investors are looking somewhat happier after the release of the data by the Chinese government that will boost global activity in the 2012 spring.
Also the investors from the German empire showed monthly improvement in the month of January. This has helped to upbeat the previous data and hopes for the Central Bank of Europe to ease the European debt problem.
World stocks becomes cautious before EU Summit............
The world stock became cautious ahead of EU summit as investors became alert post the U.S. growth figures that showed lower rates and they fell just short of expectations.
There is lack of progress in Greek debt talks. And these talks which are on a verge of deal kept markets on edge all over the region. Also for the single currency part there was some element of profit thereby taking its rates to a strongest week.
It is important to have a Greek deal before an agreement can be made. The Greek deal needs to meet a 14.5 billion euro repayment for its debt that is due for mid-March. If this deal is not met then the Athens are on the verge of facing a messy default that could hamper the European and world stock markets.
As per the scene everything seems to be negative but Greece is still trying to make a deal as said by Joe Rundle, who is the head of trading at ETX Capital.
In his statement he further said that the Euro zone leaders still need to come up with a vital solution as the negative news that is going round is not good for confidence of the investors and the consumers and it may lead to a snowball effect.
Indian currency opens at higher rates ...............
On Wednesday the Indian Currency Rupee opened at a stronger rate leading to expectations for continued inflow of foreign funds following the shift in the Central bank policy to support growth. The Reserve Bank of India on the other hand dropped the cash reserve ratio by 50points in order to ease off the tight liquidity, but simultaneously kept the key rates steady. The rates were kept steady as core inflation is still at its high point .
RBI Governor D.Subbarao said financial markets should not think that the administrative steps being taken to curb the speculation in foreign exchange are temporary. The Rupee opened at 50.00, firmer than 50.07/08 and closed on Tuesday.
3 Android magic in Last Two Months..............
3 charms were reported for the Android in the last two months (December and January). The following devices were unveiled recently and are all set to hit the market. These three devices will define what to look forward in a smart-phone this year.
Samsung Galaxy Nexus:
This is the new member in the Galaxy family launched in December 11. This is the first smart-phone to be launched with the latest version of Android 4.0. The Galaxy Nexus has a screen of 4.65-inch 1280×720 with Super AMOLED display, 5MP camera with 1080 video capture along with 1.3MP front-facing camera that has 720p video capture. Not only this, the smart phone has 1.2GHz dual-core processor. But this device has some drawbacks. Like the size is a bit large and cannot be handled with one hand and there is no preloaded Google wallet. This phone will hit the Indian market during the month of March. The price for the gadget is around
LG Spectrum:..............
LG showcased its LG Spectrum in the mid January. This new smart-phone has Android 2.3.5 Gingerbread with 4.5-inch True HD 1280×720 Display. Not only this, it has 8MP rear camera with 1080p video capture, 1.3MP front camera. The smart phone has 4GB of built-in storage space expandable to 32GB. There is a 1.5GHz dual-core processor for good processing and is affordable at a rate at of
Motorola Droid Razr Maxx: Droid Razr Maxx is in news because of its incredible battery life. It supports 20 hours continues talk time higher than any smart-phone. This phone was launched in January this year and has two major features: a 3300 mAH battery and 32GB storage. This Razr has a 4.3-inch Super AMOLED advanced 960×540 display along with 8MP rear camera which has 1080p video capture, 1.3MP front-facing camera and a 1.2GHz dual-core processor. This smart phone runs on Android 2.3.5 Gingerbread. Though the price is not confirmed yet but the expected cost is slated to be
Low earnings for Nokia and still deep falls feared.
The world's largest cell-phone Nokia, though showed somewhat better core earnings but they still fell 73 percent low. The reason for low earnings was that its new Windows Phones have failed to provide better sales in order to compensate for lowering sales of its old smart-phones.
Shares of Nokia rose to 7 percent in the recent weeks. Its fourth quarter core earnings, has a share of 0.06 Euros as compared to market expectations for 0.08 Euros.
The smart phones sales fell to 31 percent and still showed steep declined. Following this Nokia has revealed a new strategy for its smart phones in order to boost sales and to give tough competition to its rival Apple and Google’s Android. Nokia claims that it has sold over 1 million smart phones by the month of January.
As per the reports from the Nokias’ spokesperson more than 1 million Windows smart phones have been shipped which is more than what was expected.
The euro zone is filled with worries after news of brighter economics from countries like U.S, China and Germany surfaced. The euro zone fears increased risk appetite, raising global shares and the single currency. The stock index in the U.S rose marginally allowing the investors to look for corporate profits following the Citigroup posted an 11 percent fall in the profit.
A manufacturing gauge in New York showed a huge growth in January thereby rising to the highest level in the last nine months. This all happened as the unit saw new orders and employment which improved the overall result.
The previous ratings from China, the world’s second largest economy showed a huge slowdown. But it still kept the hopes alive by easing measures of the government.
Investors are looking somewhat happier after the release of the data by the Chinese government that will boost global activity in the 2012 spring.
Also the investors from the German empire showed monthly improvement in the month of January. This has helped to upbeat the previous data and hopes for the Central Bank of Europe to ease the European debt problem.
World stocks becomes cautious before EU Summit............
The world stock became cautious ahead of EU summit as investors became alert post the U.S. growth figures that showed lower rates and they fell just short of expectations.
There is lack of progress in Greek debt talks. And these talks which are on a verge of deal kept markets on edge all over the region. Also for the single currency part there was some element of profit thereby taking its rates to a strongest week.
It is important to have a Greek deal before an agreement can be made. The Greek deal needs to meet a 14.5 billion euro repayment for its debt that is due for mid-March. If this deal is not met then the Athens are on the verge of facing a messy default that could hamper the European and world stock markets.
As per the scene everything seems to be negative but Greece is still trying to make a deal as said by Joe Rundle, who is the head of trading at ETX Capital.
In his statement he further said that the Euro zone leaders still need to come up with a vital solution as the negative news that is going round is not good for confidence of the investors and the consumers and it may lead to a snowball effect.
Indian currency opens at higher rates ...............
On Wednesday the Indian Currency Rupee opened at a stronger rate leading to expectations for continued inflow of foreign funds following the shift in the Central bank policy to support growth. The Reserve Bank of India on the other hand dropped the cash reserve ratio by 50points in order to ease off the tight liquidity, but simultaneously kept the key rates steady. The rates were kept steady as core inflation is still at its high point .
RBI Governor D.Subbarao said financial markets should not think that the administrative steps being taken to curb the speculation in foreign exchange are temporary. The Rupee opened at 50.00, firmer than 50.07/08 and closed on Tuesday.
3 Android magic in Last Two Months..............
3 charms were reported for the Android in the last two months (December and January). The following devices were unveiled recently and are all set to hit the market. These three devices will define what to look forward in a smart-phone this year.
Samsung Galaxy Nexus:
This is the new member in the Galaxy family launched in December 11. This is the first smart-phone to be launched with the latest version of Android 4.0. The Galaxy Nexus has a screen of 4.65-inch 1280×720 with Super AMOLED display, 5MP camera with 1080 video capture along with 1.3MP front-facing camera that has 720p video capture. Not only this, the smart phone has 1.2GHz dual-core processor. But this device has some drawbacks. Like the size is a bit large and cannot be handled with one hand and there is no preloaded Google wallet. This phone will hit the Indian market during the month of March. The price for the gadget is around
LG Spectrum:..............
LG showcased its LG Spectrum in the mid January. This new smart-phone has Android 2.3.5 Gingerbread with 4.5-inch True HD 1280×720 Display. Not only this, it has 8MP rear camera with 1080p video capture, 1.3MP front camera. The smart phone has 4GB of built-in storage space expandable to 32GB. There is a 1.5GHz dual-core processor for good processing and is affordable at a rate at of
Motorola Droid Razr Maxx: Droid Razr Maxx is in news because of its incredible battery life. It supports 20 hours continues talk time higher than any smart-phone. This phone was launched in January this year and has two major features: a 3300 mAH battery and 32GB storage. This Razr has a 4.3-inch Super AMOLED advanced 960×540 display along with 8MP rear camera which has 1080p video capture, 1.3MP front-facing camera and a 1.2GHz dual-core processor. This smart phone runs on Android 2.3.5 Gingerbread. Though the price is not confirmed yet but the expected cost is slated to be
Low earnings for Nokia and still deep falls feared.
The world's largest cell-phone Nokia, though showed somewhat better core earnings but they still fell 73 percent low. The reason for low earnings was that its new Windows Phones have failed to provide better sales in order to compensate for lowering sales of its old smart-phones.
Shares of Nokia rose to 7 percent in the recent weeks. Its fourth quarter core earnings, has a share of 0.06 Euros as compared to market expectations for 0.08 Euros.
The smart phones sales fell to 31 percent and still showed steep declined. Following this Nokia has revealed a new strategy for its smart phones in order to boost sales and to give tough competition to its rival Apple and Google’s Android. Nokia claims that it has sold over 1 million smart phones by the month of January.
As per the reports from the Nokias’ spokesperson more than 1 million Windows smart phones have been shipped which is more than what was expected.
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